1716 3rd Street

Bakersfield, CA 93304

$400,000
Price
5
Beds
3
Baths
2,400 Sq. Ft.
$167 / Sq. Ft.
2,400
Sq. Ft.
$167
per Sq. Ft.

Description

Discover this prime value-add multifamily investment opportunity in Bakersfield, CA! This property features two buildings with a
combined 2,400 Sq. Ft. of living space on a 6,793 Sq. Ft. lot. The front duplex includes two 2-bedroom, 1-bath units (900 Sq. Ft. each)
featuring fireplaces, A/C, and laundry connections. The back unit is a 600 Sq. Ft. 1-bedroom, 3/4 bath residence with an open-concept
living and kitchen area. Recently updated, this unit is turn-key ready and was originally a garage that has
...Discover this prime value-add multifamily investment opportunity in Bakersfield, CA! This property features two buildings with a
combined 2,400 Sq. Ft. of living space on a 6,793 Sq. Ft. lot. The front duplex includes two 2-bedroom, 1-bath units (900 Sq. Ft. each)
featuring fireplaces, A/C, and laundry connections. The back unit is a 600 Sq. Ft. 1-bedroom, 3/4 bath residence with an open-concept
living and kitchen area. Recently updated, this unit is turn-key ready and was originally a garage that has been converted into living
space over time. With 8+ parking spaces and all units on separate gas and electric meters, this property offers excellent convenience
for tenants. It's a perfect opportunity for investors looking to renovate and maximize rental income.
  1. Listed by Alejandro Mora • DRE #01820381 • Brokerage DRE #02227690 • The Mora Partners Inc. • 661-463-8186

Property Details for 1716 3rd Street

Parking Spaces Total
0
Private Pool
No
Total Units
3.0
Lot Size Source
Assessor
Property Attached YN
true
Common Walls
2+ Common Walls
New Construction
No
Average Studio Area Units
Square Feet
LISTING UPDATED: 11/20/2024 10:43 PM

Property Details for 1716 3rd Street

StatusActive
MLS #SR24237877
Days on Market3
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1972
Lot Size0.16 AC / 6,793 SF
CountyKern County

Building Information for 1716 3rd Street

Stories1Residences-Year Built1972Building Size-Lot Size0.16 AC / 6,793 SF

Property Information for 1716 3rd Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $43,200
  • Gross Scheduled Income: $43,200
  • Net Operating Income: $30,240
Expense Details
  • Operating Expense: $12,960
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Block: 1
  • Tax Tract Number: Moo...
  • Tax Census Tract: 19.02
  • Tax Lot: 14
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
Exterior Features
  • Entry Location: Side
  • Pool Features: None
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Land Lease: No
  • Levels: One
  • Sewer: Public Sewer
  • Water Source: Other
Parking Info
  • Garage Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $540
  • Unit Type Total Rent: $540
  • Unit Type Pro Forma: 1250
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $685
  • Unit Type Total Rent: $685
  • Unit Type Pro Forma: 1250
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1100
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3

Property History for 1716 3rd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1716 3rd Street

Taxable ValueLand$12,539Additions$96,450Total$108,989
Tax Record2023$3,304 ($275 / month)
Home Facts
Total Finished SqFt1,800 SqFtAbove Grade Finished SqFt1,800 SqFtStories1Lot Size6,969 SqFtStyleDuplexYear Built1972ZoningR-2CountyKERNAPN008-312-13-00-8Fireplace TypeHas Fireplace

Schools near 1716 3rd Street

This home is within Kern Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Roosevelt Elementary School
PublicK to 5

Emerson Middle School
Public6 to 8

Bakersfield High School
Public9 to 12

Rafer Johnson
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1716 3rd Street is a multi-family home for sale in Bakersfield, CA 93304. This property was listed for sale on November 20, 2024 by The Mora Partners Inc., it's currently listed at $400,000. It has been on the market for a total of 3 days and was last sold on July 9, 2024. This listing's school districts are Kern Union High School District, Bakersfield City School District. Nearby schools include Roosevelt Elementary School, Emerson Middle School and Bakersfield High School. 1716 3rd Street is a 5-bed, 3-bath, 2,400 sqft multi-family home built in 1972.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Mora Partners Inc.

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.